Business Management Lessons from trucking’s M&A binge March 11, 2021 Not sure if there’s ever been a time in Canada’s trucking industry when M&A lawyers were as busy as they were during the first two months of 2021. Every other…
Business Management New equipment, revenue-generating terminals part of TForce Freight’s plan February 10, 2021 TFI International’s first step in integrating the UPS Freight fleet it purchased in January will be to upgrade the equipment to reduce maintenance and repair costs, and improve driver satisfaction.
Business Management TFI International acquires Fleetway Transport February 1, 2021 TFI International has purchased Fleetway Transport, a Brantford, Ont.-based truckload and heavy haul provider. Fleetway operates flatbeds, roll-tites, stepdecks and other equipment as well as providing warehousing and transportation for…
Business Management TFI International buys UPS Freight in $800M blockbuster deal January 25, 2021 TransForce International has announced it has acquired UPS Freight, the less-than-load (LTL) and truckload divisions of United Parcel Services. Those divisions generated about US$3 billion in revenue last year, and…
Business Management TFI posts strong Q3, terminates APPS acquisition October 23, 2020 MONTREAL, Que. – TFI International shook off the effects of the Covid-19 pandemic, posting a strong third quarter and restoring its workforce. TFI reported net income of $110.7 million, up…
Business Management TFI International buys U.S. dry bulk hauler October 5, 2020 MONTREAL, Que. – TFI International has purchased the dry bulk business of Grammer Logistics, a southeastern U.S. company hauling cement and cementitious materials, sand, fly ash, salt and lime. Grammer…
Transportation TFI acquires DLS for US$225 million September 15, 2020 MONTREAL, Que. — TFI International on Tuesday announced that it has signed a definitive agreement to acquire DLS Worldwide, a business unit of R.R. Donnelley & Sons Co. The deal,…
Transportation TFI International to buy APPS Transport August 28, 2020 MONTREAL, Que. – TFI International has announced it will purchase APPS Transport Group, an Ontario-based provider of LTL, TL and warehousing, distribution and specialized logistics with operations across Canada. The…
Transportation Rosemary Turner joins TFI board August 27, 2020 MONTREAL, Que. — Trucking giant TFI International has announced that industry veteran Rosemary Turner has joined its board of directors. “Over her 40-year career, Turner has delivered specialized supply chain…
Business Management TFI International buys Keith Hall & Sons Transport August 4, 2020 BURFORD, Ont. – TFI International has acquired Keith Hall & Sons Transport, a family-run hauler of liquid and dry foods and general freight. TFI’s latest addition generates about $30 million…
Business Management TFI International brings back employees July 28, 2020 MONTREAL, Que. – TFI International has reinstated five-day workweeks for 594 employees and rehired 793 who had been furloughed, as the trucking industry recovers from economic weakness wrought by the…
Business Management TFI picks up Comcar’s MCT Transportation June 29, 2020 MONTREAL, Que. – TFI International has purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries. TFI paid US$9.6 million for the assets, including accounts…
Business Management TFI International buys Gusgo Transport June 12, 2020 MONTREAL, Que. – Canada’s largest trucking company just got bigger. TFI International has announced an agreement to acquire Gusgo Transport, a container and storage company with operations in Vaughan,…
Human Resources Fleets consider making telecommuting permanent May 28, 2020 TORONTO, Ont. – Just a few months ago, working from home was a remote dream for most people. Today, working remotely is the reality for millions, and some Canadian fleets…
Transportation Truck fleets report plunging loads, layoffs amid Covid-19 April 22, 2020 TORONTO, Ont. – Trucking is identified as an essential service, but Canada’s trucking industry is under immense economic pressure in the face of Covid-19 – leading to plunging revenues, layoffs,…
